{{6-30-03 p.C-5751}}
[¶12,042] In the Matter of Robert G. Hershenhorn, and First Bank and Trust
Company of Illinois, Palatine, Illinois, Docket No. 03-031k (4-29-03).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $20,000.
In the Matter of
ROBERT G. HERSHENHORN,
individually, and as an institution-affiliated party of
FIRST BANK AND TRUST COMPANY OF ILLINOIS
PALATINE, ILLINOIS
(Insured State Nonmember Bank)
ORDER TO PAY
FDIC-03-031k
Robert G. Hershenhorn ("Respondent"), individually
with a representative of the Legal Division of the Federal Deposit
Insurance Corporation ("FDIC") executed a STIPULATION AND CONSENT
TO THE ISSUANCE OF AN ORDER TO PAY ("CONSENT AGREEMENT") whereby
Respondent, solely for the purpose of this proceeding and without
admitting or denying any violations of regulation for which civil money
penalties may be assessed, consented and agreed to pay a civil money
penalty in the amount specified below to the Treasury of the United
States.
After taking into account the CONSENT AGREEMENT, the
appropriateness of the penalty with respect to the financial resources
and good faith of the Respondent, the gravity of the violations, the
history of previous violations, and such other matters as justice may
require, the FDIC accepts the CONSENT AGREEMENT and issued the
following:
ORDER TO PAY
IT IS HEREBY ORDERED, that by reason of the violations as
alleged in paragraph 3 of the CONSENT AGREEMENT, a civil money penalty
in the amount of $20,000.00 be, and hereby is, assessed against
Respondent.
Respondent shall pay the civil money penalty to the Treasury of the
United States.
IT IS FURTHER ORDERED that Respondent is prohibited from seeking or
accepting indemnification from any insured depository institution for
the civil money penalty assessed and paid in this matter.
This ORDER TO PAY shall be effective upon issuance.
Pursuant to delegated authority.
Dated at Washington, D.C., this 29th day of April, 2003.
